https://www.taxtmi.com/caselaws?id=179910 The ITAT upheld the CIT(A)'s decision, allowing the deduction u/s 80IB(10) for a non-owner developer and on proceeds from the sale of unutilized FSI. The ITAT clarified that ownership of land is not a prerequisite for claiming the deduction and that profits from the sale of unutilized FSI can still qualify under the provision. The Revenue's appeal was dismissed, affirming the eligibility of the assessee for the deductions. en-us Mon, 31 Jan 2011 00:00:00 +0530 Fri, 11 Mar 2016 18:13:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179910 The ITAT upheld the CIT(A)'s decision, allowing the deduction u/s 80IB(10) for a non-owner developer and on proceeds from the sale of unutilized FSI. The ITAT clarified that ownership of land is not a prerequisite for claiming the deduction and that profits from the sale of unutilized FSI can still qualify under the provision. The Revenue's appeal was dismissed, affirming the eligibility of the assessee for the deductions. Case-Laws Income Tax Mon, 31 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179910